Skip to main content
Enter search terms below…

Member News

First New York to Treat School Banker Just Like a Millionaire on December 5th



December 4, 2017 (Albany, NY) – On Tuesday, December 5, 2017, Olive Stimac, a fourth grade student at Montessori Magnet Elementary School in the Albany City School District, will be treated just like a Millionaire for a Day by First New York Federal Credit Union.

First New York Federal Credit Union has been teaching thousands of area students for years to save their money through its KID$ (Keep Investing Dollars Savings) Program. To celebrate the students’ success, the credit union randomly selected a school banker to be treated like a millionaire. As the Millionaire for a Day, Olive Stimac and her classmates will be treated to a pizza party. In addition, Olive and five of her friends will be picked up from Montessori Magnet Elementary School by limousine, courtesy of Advantage Transit Group, and driven to First New York Federal Credit Union’s Albany branch at 818 Central Ave, Albany, NY. There they will meet credit union President/CEO, Lucy Halstead and Michelle Maneri from our Albany branch, receive a personal tour of the credit union, be treated to ice cream, then be driven home by limousine at the end of the day.

Olive, like many other students at Montessori Magnet Elementary School, makes deposits each week from money she has earned by doing chores, receiving allowance and birthday money.

“It is important that young children learn that making deposits every week and saving their money will enable them to purchase what they need, and later what they want,” commented Carol Valenza, V.P. of Marketing for First New York Federal Credit Union. “This is one of life’s most important skills to understand and have, and when young children are actively involved in saving money they will grow to become better money managers as adults,” stated Valenza.

First New York Federal Credit Union was founded in 1937 as Schenectady Teachers Federal Credit Union and operates six full-service branches throughout the greater Capital Region. The credit union offers traditional financial products found at many financial institutions including checking and savings accounts, credit and debit cards, share certificates and money market accounts, auto and personal loans, mortgages and home equity loans and commercial deposit and loan accounts. First New York Federal Credit Union also operates three in-school branches run by trained student tellers at Mohonasen, Schenectady, and Scotia-Glenville High Schools.

A Recovery Helpline to assist residents dealing with recovery and addiction issues has been launched today by Rensselaer County, County Executive Steve McLaughlin announced. Residents can reach the Recovery Helpline at 1-833-HOPE-123 or 1-833-467-3123 to receive information, resources or referrals for themselves or anyone needing help with…
When the 2004 Indian Ocean Tsunami struck Dec. 26 of that year it took the lives of more than 227,000 people. Despite being well into the Internet Era, warning systems on a broad international scale were nonexistent, as remote areas of Indonesia, Thailand and India suffered unfathomable loss. But 14 years later, gaps still remain in rural…
The Chazen Companies is pleased to announce Roger Fast, CBO, CFM has joined the growing code services team as Senior Code Analyst located at 12655 SW Center Street, Suite 350 in Beaverton, Oregon. In recent years, Chazen partnered with Code Unlimited, LLC working on a variety of projects throughout New York State. As the need for code services…
Oct
23
Manufacturers employ more than 12 million people in the US and contribute $2.25 trillion to the US economy annually. Locally employment in manufacturing…
7:30 a.m. Check-in & Breakfast; 8-9:30 a.m. Panel Discussion
Oct
26
Celebrate CEO's newest head start classroom located at Griswold Heights. For years, families living at the Troy Housing Authority’s Griswold Heights…
11:00 a.m.
Nov
01
Celebrate exceptional businesses that have positively impacted the region’s economy and way of life. In partnership with Rensselaer County, the "Good News…
11:30 a.m. Check-in & Luncheon; 12-1 p.m. Awards Ceremony